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The demand curve "as seen by the firm" varies with the structure of the relevant market. What is the structure for a firm that has to act as a price taker? Is such a firm doomed to suffer losses? How does the profit/loss situation change between the short run and the long run for such a firm? In the long run are average costs of production efficient?
What is the structure for a firm with at least some ability to determine price? How are price and output levels determined rationally? Since price can, at least to some degree, be determined by the seller, is this firm sure to enjoy profits? How might the long run differ from the short run?
Joanne has decided to buy the Hummer and set up a commuter service between Boston and Lowell. There are 1000 people who will pay $400 a year for the commuter service; $280 from each person goes for gas, maintenance, insurance, depreciation etc.
suppose that a firm uses both labour l and capital k as inputs and has the long run production function q lk - l with
chens car is worth 5000. but she is sometimes careless and leaves the door open and the keys in the ignition.
The average of 5 numbers is 52. Suppose five more numbers are included in the set of numbers and these five numbers equal 0, 100, 48, 90, and 50. What is the new average?
What is the present value of your wealth at the beginning of your life, what is the largest constant consumption stream you can afford and what borrowing/lending strategy you will use to accomplish b.
Analyze the dynamics of supply and demand to anticipate market equilibrium and analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies.
the table below shows the demand and supply schedules for on-campus
Describe an experience that you had working on a team. As part of your response discuss how the team was evaluated.
Neither one buys anything and one buys nothing, one buys the bundle - Draw on the reservation prices provided in Question 6 and assume mixed bundling.
analyze the past current and future cost considerations of the company and on the basis of your costs analysis create a
To some people technology seems very complex. If people perceive technology as too complex , they may not buy the products with the complex technology . How can a business overcome customers real issues concerning technology complexity.
Describe the difference between a movement along the demand curve and a shift in demand and determine what factors cause the supply curve to shift? describe each factor.
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